Ashford (NYSE:AINC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a report published on Thursday. The firm issued a hold rating on the stock.

Ashford Price Performance

Shares of NYSE:AINC opened at $4.81 on Thursday. The company has a market cap of $16.50 million, a P/E ratio of -0.36 and a beta of 1.25. The company has a fifty day simple moving average of $4.82. Ashford has a 1 year low of $1.91 and a 1 year high of $10.89.

Ashford (NYSE:AINC) last issued its earnings results on Wednesday, May 8th. The company reported $1.88 earnings per share for the quarter. The firm had revenue of $209.13 million during the quarter. Ashford had a negative net margin of 0.55% and a negative return on equity of 21.29%.

Insider Transactions at Ashford

In related news, CEO Monty J. Bennett acquired 200,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $4.91 per share, with a total value of $982,000.00. Following the acquisition, the chief executive officer now owns 467,504 shares of the company’s stock, valued at approximately $2,295,444.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 66.70% of the company’s stock.

About Ashford

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.